Wealthy countries continue to take a top-down approach to development interventions, especially for climate finance, which tends to be earmarked for mitigation initiatives. Instead, they must boost ...
The world is in the midst of a financing crisis.\xa0As world leaders work to mobilize trillions of dollars to meet climate and development goals, expensive public debt is limiting governments’ ability ...
WASHINGTON, December 3, 2025—Developing countries paid out $741 billion more in principal and interest on their external debt than they received in new financing between 2022 and 2024—the largest gap ...
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